West Anchorage Homes for Sale - Your Ideal Property Awaits (2024)

FAQs

Why is housing so expensive in Anchorage? ›

Alaska Housing Finance Corp. CEO Bryan Butcher said the cost of land, labor, materials and transportation have all gone up in most communities. “We've gotten to a situation where now even building market homes, developers can't afford to build it and then sell it at what they built it for,” he said.

The average Anchorage home value is $366,849, up 3.2% over the past year and goes to pending in around 8 days.

The thriving economy and diverse population make Anchorage an attractive market for real estate investors. Anchorage also benefits from its natural beauty, with attractions such as Chugach State Park and the Tony Knowles Coastal Trail.

Anchorage is a city that is renowned for its friendly community and welcoming atmosphere. Despite being the largest city in Alaska, Anchorage has managed to maintain a small-town feel. The community is made up of people from all walks of life, and this melting pot of cultures creates a unique community.

"For the upper end buyers, Goldenview, Prominence Point, and Turnagain View Estates in Anchorage, as well as several subdivisions in Eagle River are doing quite well because of the low interest rate" (Evans). Housing in Anchorage is generally on the more expensive side comparatively speaking with other cities.

Anchorage, AK is a buyer's market in April 2024, which means that the supply of homes is greater than the demand for homes. On average, homes in Anchorage, AK sell after 27 days on the market. The trend for median days on market in Anchorage, AK is flat since last month, and slightly up since last year.

Federal Land The federal government is still the largest landowner in Alaska with 60% of the total area (222 million acres). This acreage includes national parks, wildlife refuges, national forests, military reservations and the North Slope National Petroleum Reserve.

The property tax rate in Alaska varies depending on the municipality and district. On average, the property tax rates in Alaska range from 1.2% to 3.0% of the assessed property value. For example, in Anchorage, the property tax rate is approximately 1.7%.

What is the best thing about living in Anchorage? ›

With temperatures in the 60s and weeks at a time without true darkness, residents spend much of their waking hours outside enjoying the weather and the infinite outdoor pursuits that Anchorage affords them, from hiking and biking to attending festivals and dining al fresco.

This city of 288,000 is home to 40% of Alaska's population of 730,000, but nearly 70% of the homeless population in this year's point-in-time count. Across the U.S., such one-time tallies are widely acknowledged to undercount the total number of homeless people in an area.

Juneau, Alaska

One of the largest cities and the capital of Alaska, Juneau is a great place for singles, couples and families. With a large population of over 31,685, the housing market in Juneau is fairly competitive with the average home priced at $440,000.

Anchorage's violent crime rate is 1,244.5 per 100,000 population in 2020. The property crime rate in Anchorage was four times the national average in 2019. Anchorage ranks #1 out of 50 most dangerous cities in U.S. according to crime rates. Anchorage has a higher crime rate than 98.3% of U.S. cities.

Well, it's due partly because of Alaska's remoteness and harsh weather conditions. Just think of how much energy is needed to keep homes warm when outside temperatures dip below freezing regularly.

Anchorage, AK housing is 39% more expensive than the U.S average, while utilities are about 11% pricier. When it comes to basic necessities such as food and clothing, groceries are around 17% more in Anchorage, AK than in the rest of the country, while clothing costs around 17% more .

One driver of these high costs is the scarcity of providers, which means there's a lack of competition. If you're looking to move to Alaska and work, it could pay to seek a job where your employer pays your health premium – many Alaskan residents save money this way.